Fundraising

The fund is currently in the midst of fundraising and is targeting $2.5bn.

Funds closing in the first half of 2015 have raised on average 50 percent more capital compared to a year earlier.

The Madrid-based firm has targeted Spanish-only investors for its latest secondaries vehicle, which is almost half invested.

The Richmond, Virginia-based alternative investments firm expanded into secondaries nearly three years ago.

The Paris-based fund of funds manager will seek under-the-radar mid-market deals with its latest secondaries vehicle.

The New Mexico State Investment Council is already an investor in two Coller funds.

The terms of Metropolitan Real Estate Equity Partners’s new dedicated real estate secondaries and co-investment fund are in line with other real estate funds that also make secondaries investments.

The Louisiana Municipal Police Employees’ Retirement System committed $15m to the fund.

The fund, Partners Group Global Real Estate 2014, is targeting $1bn and plans to make 25% of its investments in real estate secondaries.

While fewer secondaries funds were being raised in the first quarter, the number of mezzanine and debt funds seeking capital has increased hugely in the past year, according to data released by PEI's Research and Analytics division.